18:50:26 EDT Tue 23 Apr 2024
Enter Symbol
or Name
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CA



TC Energy Corp
Symbol TRP
Shares Issued 934,394,794
Close 2020-01-15 C$ 69.72
Market Cap C$ 65,146,005,038
Recent Sedar Documents

Globe says TC Energy's GasLink complicated by UNDRIP

2020-01-16 08:23 ET - In the News

The Globe and Mail reports in its Thursday edition that after a long period of debate and negotiation, major construction on the Coastal GasLink pipeline is set to begin this summer. There may, however, be one final roadblock: The United Nations Declaration on the Rights of Indigenous Peoples. B.C. last year became the first province to enshrine UNDRIP into law. At the federal level, the Trudeau government plans to do the same. The document pledges governments to secure the "free, prior and informed consent" of indigenous people in a number of situations, including before giving the green light to resource projects. So does UNDRIP give Indigenous groups a veto over resource developments affecting them? B.C. Premier John Horgan, a supporter of both UNDRIP and Coastal GasLink, says no. "The courts have confirmed that this project can proceed, and it will proceed," Mr. Horgan told reporters. The courts have said, repeatedly, that the duty to consult is not a veto. In other words, Mr. Horgan is right that the law governing the pipeline is clear -- or, rather, he is right that the law was clear, before UNDRIP. The situation in B.C. could play itself out over and over again, including with the Trans Mountain oil sands pipeline.

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